2016 WAS ANOTHER OUTSTANDING AND SUCCESSFUL YEAR FOR DCT.

It was also an exciting year, as we celebrated the 10-year anniversary of our IPO. Our objective from the very beginning was to build a company with a portfolio of high-quality distribution assets that would consistently deliver top-tier operating performance and shareholder returns.

In 10 years, we dramatically transformed and enhanced our portfolio by selling $2.0 billion of assets, exiting 10 markets, including Mexico, and redeploying that capital into $1.9 billion of acquisitions and $1.1 billion of development. As a result, 62% of our current assets are new to the Company since our IPO and DCT now has a total market capitalization of $6.2 billion.

Performance

StrongOperating

DCT Rialto Logistics Center

Completed in 2015 | Inland Empire West, CA

In 2016, our operating portfolio continued to perform very well. Year-end occupancy increased from 94.4% in 2015 to 97.2% in 2016. Net effective rents on new or renewed leases grew by 18.4% compared to the prior leases (as measured by the average rents over the respective terms, including rent bumps and free rent). Due to both higher occupancy as well as higher rents, same-store NOI increased 5.9% on both a cash and straight-line basis over 2015, and Funds from Operations increased 13.5% per share over 2015. These results led us to increase our dividend by 6.9%.

Return

TotalShareholder

DCT Fairburn

Completed in 2016 | Atlanta, GA

In 2016, shareholders received a total return of 32%—22% greater than the SNL US Industrial REIT index and 267% greater than the broader MSCI US REIT index. This is not just a one-year phenomenon—over the past five years, an investment in DCT has returned a total of 179%—substantially greater than both the Industrial REIT and broader REIT indices.

TotalShareholder Return

DCT

SNL US REIT Industrial Index

MSCI US REIT Index

100%

32%

26%

2016

9%

84%

57%

3-YEAR

45%

179%

123%

5-YEAR

75%

Development

CreatingValue Through

DCT Airport Distribution Center Building D

Completed in 2016 | Orlando, FL

2016 was our strongest year to date creating value through our active development program, with rents, leasing velocity and returns all exceeding initial expectations. We stabilized 16 projects totaling 5.1 million square feet with an investment of $379 million and an estimated yield of 7.8%.